Lower mortgage/heloc lender

[Joshua B.]

Hey folks 👋  - I'm curious if anyone has used the lender, Lower (https://www.lower.com/)?

I'm considering them for a HELOC to help fund my first deal. Wondering if you used them before and had a good experience.

Thanks!

[Dave Skow]

@Joshua B.- thanks 1) on the 1st mtg refinance proposal at 4.1% - sounds like they are offering you the higher note rate so they can absorb some of the closing costs .....make sure you get a loan estimate and review the details about them picking up all costs ( titel / escrow / recording / credit etc ...) 2) also check the index / margin and caps on the new loan offer and compare these to the present loan details ...if you keep this loan past the rate/ payment adjustment period - you want to make sure you are aware of how the ARM can change 3) the offer to do " free " refinances in the future is no big deal beacuse any lender can offer this via a higher rate to absorb all costs